The returnable plastic crates market is expected to witness substantial growth in the coming years. Currently valued at USD 1.6 billion in 2022, the market is projected to reach USD 2.4 billion by 2029, representing a compound annual growth rate (CAGR) of 5.6% from 2022 to 2029.
Returnable plastic crates offer several advantages over traditional packaging methods, driving their adoption in various industries. These crates are known for their durability and ability to withstand the challenges of shipping and storage, making them ideal for applications in the food and beverage, automotive, and pharmaceutical sectors.
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One of the key benefits of returnable plastic crates is their lightweight nature, which reduces the environmental impact of logistics and transportation. This aspect aligns with the growing demand for sustainable packaging solutions. Returnable plastic crates are particularly suitable for the food and beverage industry as they can be easily cleaned and sanitized, ensuring the safety and hygiene of the transported goods.
The food and beverage industry represents one of the major end-users of returnable plastic crates. These crates are utilized for transporting and storing a wide range of food products, including fruits, vegetables, meat, dairy products, and more. They are also commonly used in the logistics and transportation of alcoholic beverages such as beer, wine, and soda. In the automotive industry, returnable plastic crates find extensive application in the storage and transportation of car parts and components.
In conclusion, the market for returnable plastic crates is expected to experience significant growth in the coming years. The increasing demand for environmentally friendly packaging options, particularly in the food and beverage industry, is a major driver for the expansion of returnable plastic crates. Companies seeking to enhance their profitability while reducing their environmental footprint should consider returnable plastic crates as a packaging choice.
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Key Takeaways of Returnable Plastic Crates Market Study
- By material type, high density polyethylene is anticipated to be a key segment in returnable plastic crates market, and is projected to capture more than 65% of the market share during the forecast period.
- Demand from manufacturers of seafood, meat & poultry, and agriculture products is collectively expected to capture around 75% of the global returnable plastic crates market share, with its absolute growth expected to be more than any other segment.
- Asia Pacific Excluding Japan is expected to dominate the global returnable plastic crates market, and is expected to witness an impressive CAGR through 2022-2029.
- Increasing Use of RPCs for Logistics and Transportation of Bulk Materials in North America and Europe
Competitive Landscape
Leading returnable plastic crates manufacturers are committed to the research and development of the product and are consistently offering innovative returnable plastic cratesba solutions targeted towards specific end use.
Companies operating in the returnable plastic crates market are aiming at product launches and expansions with other manufacturers.
- In November 2021, Craemer has launched large volume 300 litre rotary stacking container which once used can save 70 percent of space until further usage.
- In November 2021, DS Smith Plc developed a fully recyclable and reusable tray which has features such as two lateral automatic bases.
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Key Players:
- Brambles Limited
- Myers Industries Inc.
- Supreme Industries Limited
- Schoeller Allibert Services B.V.
- DS Smith PLC
- Rehrig Pacific Company Inc.
Returnable Plastic Crates Market By Category
By Capacity :
- Less than 10 Kg
- 10 Kg to 20 Kg
- 21 Kg to 35 Kg
- 36 Kg to 50 Kg
- Above 50 Kg
By Product Type :
- Stackable
- Nestable
- Collapsible
By Material :
- High Density Polyethylene (HDPE)
- Polypropylene (PP)
- Others
By Application :
- Agriculture
- Grocery
- Dairy
- Bakery
- Seafood & Meat
- Others
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